Canal Street Beat | New Orleans Real Estate News

109,000 Square Foot Westpark Office Building Changes Hands

August 20, 2015 • Acquisitions, News, Office • 6018

The Algiers office building where FEMA set up shop after Hurricane Katrina is in the hands of new owners. The Westpark Office Building near General DeGaulle Drive was sold to locals Thomas Guinan Jr. and Harold Callais II. The seller was the Hertz Investment Group. The Los Angeles-based Hertz is one of the largest office players [&hellip
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Here Are The Plans For The Charity Hospital Redevelopment

August 17, 2015 • Central Business District, Development, Public Development • 12437

Back in April, the State of Louisiana released an RFP for the redevelopment of the Art-Deco Charity Hospital in Downtown New Orleans. The one million square foot project has been vacant since Katrina. Last week, Nola.com published three of the developer’s proposal to redevelop the project via a public records request with the state. The Matthews Southwest Proposal [&hellip
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Gulf States Real Estate Services Takes Over Management of Nord du Lac Shopping Center

August 12, 2015 • Retail • 5984

Gulf States Real Estate Services now runs the leasing, sales and management for The Pinnacle at Nord du Lac Shopping Center in Covington, reports nola.com. Pinnacle at Nord du Lac is a 300,000 square foot retail center that currently includes tenants Academy Sports and Outdoors, Kohl’s, Kirklands, Petco, Hobby Lobby, Texas Roadhouse, Olive Garden and Cracker Barrel. The shopping [&hellip
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Here’s Your Chance To Create Your Own Urban Park: New Orleans PARK(ing) Day

August 10, 2015 • Architecture & Design, Central Business District, Economic Development, Parks & Public Spaces • 6635

The Downtown Development District (DDD) is sponsoring New Orleans’ version of PARK(ing) Day, the annual, open-source global event where citizens, artists and activists collaborate to temporarily transform metered parking spaces into “PARK(ing)” spaces: temporary public places. The project began in 2005 when Rebar, a San Francisco art and design studio, converted a single metered parking [&hellip
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Piazza d’Italia Development Proposals Are In: Hotels, Condos, and Retail

August 7, 2015 • Central Business District, Hotel & Hospitality, Public Development • 8984

The City of New Orleans has released details of the five contenders and their proposals for the redevelopment of the city-owned Piazza d’Italia in the Central Business District. Here is an overview of the five proposals: The Finch Group of Boca Raton, Fla. Finch has proposed a 156-room hotel with 152 apartments and a 200-space parking garage. [&hellip
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Ace Hotel Finally Confirms It Will Open in Warehouse District

August 5, 2015 • Development, Hotel & Hospitality • 6581

The Ace Hotel has finally confirmed what we all knew for over a year – they will be opening a new location in the warehouse district in 2016 at 600 Carondelet St. The hotel is part of the larger South Market District development by the Domain Companies, who purchased the art-deco property in 2013 for $5.5 [&hellip
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ULI To Hold Seminar On Financing Mixed-Use Developments in NOLA

August 5, 2015 • Conference • 5429

The Louisiana chapter of the Urban Land Institute (ULI) is having another great conference tomorrow on financing smart growth. The sessions will focus on the growing trend in American real estate of walkable, mixed -use communities with green infrastructure and multi-modal transportation options. The event will provide a comprehensive overview of different funding sources and [&hellip
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Canal Street Hotel Trades for $4.8 Million

August 3, 2015 • Acquisitions, Hotel & Hospitality • 7518

Hotelier Michael Valentino has purchased the former Days Inn hotel at 1630 Canal Street for $4.8 million, reports nola.com. The hotel has been shuttered since Katrina, and has been listed for over $7 million for years. Valentino told nola.com his plans for the hotel include a full renovation and repositioning of the hotel under a [&hellip
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Massive Port Marigny Development To Include Hotel, Marina, Retail, and Housing

July 31, 2015 • Development, Northshore • 6321

Drs. Michael and Marcus Pittman have proposed developing an abandoned 78 acre concrete plant on Mandeville’s waterfront into a major mixed-use development called Port Marigny. THe project would include 429 housing units, 192 apartments, 28 condominiums and about 100 large home sites. The development will also feature 60,000 square feet of commercial space, a 150-slip marina, [&hellip
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Higherpower Cycle | Yoga Coming To South Market District

July 30, 2015 • Retail, Warehouse District • 5465

The South Market District has announced that higherpower Cycle | Yoga will open next year at the Beacon, the third building in the development that’s currently under construction. higherpower is a state-of-the-art studio with a spectrum of classes to fulfill many fitness needs, from cycling to yoga to training. They already have a studio in Mid-City. [&hellip
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